Strategic Education Q1 revenue down 0.9% to $256.6M; swing to operating loss of $1.3M

Strategic Education, Inc.

2023-Q1 EPS reported -$0.09 revenue$256,606,000

Revenue $256.6M vs $258.9M in Q1 2022, down 0.9%; loss from operations of $1.3M vs income of $13.4M.
Adjusted income from operations fell to $8.2M (3.2% margin) from $19.4M (7.5% margin) a year ago.
CEO cites return to enrollment growth in U.S. Higher Education and strength in Education Technology Services.
Australia/New Zealand segment conditions expected to normalize.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Strategic Education, Inc. reported the period ended March 31, 2023 results: revenue $256.6 million.

Period: the period ended March 31, 2023
Revenue: $256.6 million
Result: reported results

Exact text from the filing

are optimistic about the Australia/New Zealand segment as conditions normalize.” STRATEGIC EDUCATION CONSOLIDATED RESULTS Three Months Ended March 31 Revenue decreased 0.9% to $256.6 million compared to $258.9 million for the same period in 2022. Loss from operations was $1.3 million, compared to income from operations of $13.4 million or 5.2% of revenue for the same

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Source: SEC EDGAR

accession 0001157523-23-000628

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